Question:A company has beginning inventory of 20 units at a cost of
$12.00 each on October...
Question
A company has beginning inventory of 20 units at a cost of
$12.00 each on October...
A company has beginning inventory of 20 units at a cost of
$12.00 each on October 1. On October 5, it purchases 16 units at
$13.00 per unit. On October 12 it purchases 26 units at $14.00 per
unit. On October 15, it sells 48 units. Using the FIFO periodic
inventory method, what is the value of the inventory at October 15
after the sale?